Gas prices continue to rise in Rhode Island

Anthony Vega,
Us Inflation Likely Eased Again Last Month If More Gradually
Gas is pumped at a Costco Warehouse in Cranberry, Pa., on Monday, Jan. 23, 2023. On Tuesday, the Labor Department reports on U.S. consumer prices for January. The consumer price index is closely watched by the Federal Reserve, which has raised interest rates eight times in the past year in an attempt to cool the economy and bring down inflation. (Gene J. Puskar - staff, AP)

PROVIDENCE, R.I. (WLNE) — Gas prices continue to rise in Rhode Island.

AAA Northeast said Monday the average price of gasoline went up 1 cent from last week.

The average is up to $3.52 per gallon. That’s 2 cents higher than a month ago and 5 cents lower than the national average, said AAA Northeast.

“The price of a barrel of crude oil has been in the 70s most days this year but is now hovering right at 70 dollars or even dipping into the high 60s,” said Diana Gugliotta, director of Public Affairs for AAA Northeast. “This means the price at the pump is significantly lower than a year ago and is one reason AAA is projecting a record-breaking year for Fourth of July travel.”

This week’s average gas price is $1.39 lower than this time last year.

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